Great Elm Group, Inc. (NASDAQ:GEG) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in Great Elm Group, Inc. (NASDAQ:GEGGet Rating) by 56.7% in the 2nd quarter, Holdings Channel reports. The fund owned 20,510 shares of the company’s stock after acquiring an additional 7,419 shares during the period. Oppenheimer & Co. Inc.’s holdings in Great Elm Group were worth $44,000 as of its most recent filing with the SEC.

Separately, Clayton Partners LLC grew its holdings in shares of Great Elm Group by 49.0% during the first quarter. Clayton Partners LLC now owns 298,000 shares of the company’s stock worth $539,000 after buying an additional 98,000 shares in the last quarter. Institutional investors own 77.84% of the company’s stock.

Insider Buying and Selling at Great Elm Group

In other news, major shareholder Northern Right Capital Managem purchased 21,493 shares of the stock in a transaction dated Tuesday, October 18th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $42,986.00. Following the completion of the transaction, the insider now owns 3,528,034 shares of the company’s stock, valued at $7,056,068. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Northern Right Capital Managem acquired 21,493 shares of Great Elm Group stock in a transaction that occurred on Tuesday, October 18th. The stock was acquired at an average price of $2.00 per share, with a total value of $42,986.00. Following the completion of the acquisition, the insider now directly owns 3,528,034 shares of the company’s stock, valued at approximately $7,056,068. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jason W. Reese purchased 21,494 shares of the business’s stock in a transaction on Tuesday, October 18th. The stock was acquired at an average cost of $2.00 per share, with a total value of $42,988.00. Following the completion of the acquisition, the director now directly owns 4,988,909 shares in the company, valued at approximately $9,977,818. The disclosure for this purchase can be found here. Insiders acquired a total of 357,790 shares of company stock worth $716,246 over the last 90 days. Insiders own 47.30% of the company’s stock.

Great Elm Group Price Performance

Great Elm Group stock opened at $2.04 on Monday. Great Elm Group, Inc. has a 1 year low of $1.40 and a 1 year high of $2.55. The firm has a 50 day moving average price of $2.04 and a 200 day moving average price of $2.10. The company has a market cap of $61.24 million, a price-to-earnings ratio of -2.40 and a beta of 1.05. The company has a debt-to-equity ratio of 1.99, a quick ratio of 4.24 and a current ratio of 3.02.

Great Elm Group (NASDAQ:GEGGet Rating) last posted its earnings results on Monday, September 12th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $18.07 million for the quarter. Great Elm Group had a negative return on equity of 55.01% and a negative net margin of 32.83%.

Great Elm Group Company Profile

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Great Elm Group, Inc engages in the durable medical equipment and investment management businesses. The company distributes respiratory care equipment, including positive air pressure equipment and supplies, ventilators and oxygen equipment, and replacement parts, as well as provides sleep study services; and rents medical equipment.

Further Reading

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Institutional Ownership by Quarter for Great Elm Group (NASDAQ:GEG)

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